Braskem's Q4 sales in Brazil fall 13% affected by lower demand

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Workers labor at a facility of the petrochemical company Braskem in Maceio, Brazil January 30, 2020. REUTERS/Amanda Perobelli

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SAO PAULO, Feb 21 (Reuters) - Petrochemical producer Braskem (BRKM5.SA) said on Monday its fourth-quarter resins sales volume in Brazil fell by 13% year-on-year, pushed by a lower demand in the Brazilian market.

The quarterly average utilization rate of Braskem's ethylene plants in Brazil was 85%, stable from the previous year, but 5 percentage points above the third quarter. Ethylene production volume also remained stable on a yearly basis, according to the company's operational preview.

Polyethylene (PE) production in Mexico jumped 71% from the last quarter of 2020, with the PE plants utilization rate in the country increasing 34 percentage points to 81%. "The increase is explained by the stoppage of operational activities in December 2020 due to an interruption in natural gas transportation," said Braskem.

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Reporting by Peter Frontini Editing by Alistair Bell

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